This Week in European Tech: Enpal bags €215 million, BioNTech buys InstaDeep in £562 million deal, Habyt merges with Common, and more
Summary
DeepL, the Cologne, Germany-based deep learning in language translation startup thats giving Google a run for its money, confirmed raising VC funds at a valuation north of $1 billion. SoniVie, an Italy and Israel-run med tech seeking to treat hypertension through the use of ultrasound, has closed a $60 million series C round to make headway toward its clinical and regulatory pipeline. The European Commission wants to ask Big Tech and EU telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs. This Year in European Tech: 2022 in review (and in charts) Europes largest known deposit of rare earth elements — key for building electric vehicle batteries and wind turbines — has been discovered in northern Sweden. Despite Czech rules that currently forbid urban parcel deliveries by unmanned aerial vehicles, Brno-based 3L Robotics expects to launch the countrys first landing helipad for drone shipments in 18 months time.